International consultancy firm KPMG has ranked Israel as the second most innovative country in the world on its yearly Global Technology Innovation survey. India was ranked first, while The US and China were rated below Israel.

The Technion was ranked in sixth place in the world for entrepreneurship and innovation, in the first ever comprehensive survey conducted by the Massachusetts Institute of Technology (MIT). The study was performed in collaboration with Skolkovo (the Innovation Center known as Russia’s Silicon Valley). Among the top ten leading universities worldwide – only two institutions of higher learning are located outside the United States and Europe – the Technion and the National University of Singapore (NUS). MIT and Stanford University topped the list.

After being named one of three finalists in the Wall Street Journal‘s last October, it has been announced that after polling more than 980,000 readers, Tel Aviv is considered the second most innovative city in the world. Medellin, Columbia was ranked first and New York City was ranked third.

International news agency Bloomberg has published its Global Innovation Index. Israel is ranked 1st in the Research and Development category and 32nd overall. Israel has also achieved a high ranking in the high-tech density and tertiary efficiency, ranking 7th in both.

Prestigious magazine Wall Street Journal has announced the three finalists for its “Most Innovative City” award. The three finalists are New York City, USA, Medellin, Colombia and Tel Aviv, Israel. The winning city will be announced in January 2013 and will be featured on the magazine’s February 2013 issue.

Financial magazine “Forbes” ranks Israeli corporation Israel Chemicals Ltd. 60th in the world in terms of innovation. ICL specializes in producing fertilizers and other chemical compounds using minerals harvested around the Dead Sea.

ECI Telecom, an Israel-based global provider of next-generation network solutions, announced today that TMC, a global, integrated media company, has named its Apollo Optimized Multi-Layer Transport (OMLT) platform as a recipient of a 2011 Communications Solutions Product of the Year Award. TMC CEO Rich Tehrani said: “ECI was chosen to receive a 2011 Product of the Year Award for creating outstanding advancements in communications”.

The World Economic Forum has ranked Israel 8th overall in the world in the fields of innovation and sophistication. However, in the Global Competitiveness Index, Israel went from being 22nd last year to 26th this year.